What is possible on GBPUSD is that what we mark on the CHART, RED ABCDE wave. So after a broken trendline , GU has pulled down to retest 1.310 round and bounced up, done with a bull sign on a Friday candlestick. Considered the bottom of 1.31 is confirmed so far, its OK to expect this pair to rise up to 1.34 first. We see 1.36 as a smaller probability , which is still possible.
nice chart